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Current Issues in South Carolina Construction Lien Law

 
Understand South Carolina mechanic’s lien as a mechanism for protecting payment rights and enforcing the same.In the construction industry, as with all industries, management of accounts receivables is crucial to success and profitability. There are multiple factors that weigh on the ability to get paid in construction. The only sure way to avoid collection problems is to receive payment up front and in full. Since the construction industry does not function that way in most cases, contractors and suppliers must understand the best methods for protecting their rights to be paid and owners must understand how to protect against the risk of double payment. This topic will give you an overview of the South Carolina mechanic’s lien as a mechanism for protecting payment rights and enforcing the same. It will also help owners and contractors understand how to defend against liens so that only the necessary payments are made.